Are you ready to apply to the Canada Revenue Agency? Before you do, allow our team at MMT Chartered Professional Accountants help you through the process. When it comes to the scientific research and experimental development application, Calgary, Vancouver and surrounding area companies can benefit from the one-on-one support and resources that we offer. You don’t have many opportunities to make your move in this process so your first impression counts.

What Is SR&ED?

The Canada Revenue Agency defines the Scientific Research and Experimental Development (SR&ED) Program as:

“A federal tax incentive program, administered by the Canada Revenue Agency (CRA), that encourages Canadian businesses of all sizes, and in all sectors to conduct research and development (R&D) in Canada. It is the largest single source of federal government support for industrial R&D.”

The SR&ED Program gives claimants cash refunds and / or tax credits for their expenditures on eligible scientific research and educational development work done in Canada.

What Does the SR&ED Mean for You?

In short, it gives you tax incentives for the investments you make into scientific research and educational development that ultimately will better our country. However, the application process is complex and it can be time consuming as well. With our scientific research and experimental development services, Calgary, Vancouver and surrounding area companies have the opportunity to achieve their underlying goals and see significant financial return for doing so.

How Can We Help You with Your Scientific Research & Educational Development Application?

MMT Chartered Professional Accountants can help your business with SR&ED application procedures for indirect grants through tax credits, which may provide cash refunds for certain tax payers, as well as financial consulting to offer tax savings through enhanced deductibility of specific costs incurred for SR&ED activities.

Our services include scientific research and experimental development accounting companies need to ensure they are in fact maximizing their tax deductibles and credits. For all of your SR&ED services, Calgary, Vancouver and surrounding area companies can count on our experienced and dedicated team.